SPORTS CONTRACTS

Contracts in sports are no different than contracts in everyday life. Professional athletes are compensated for their services with a pay check just as anyone else. The occupation of professional athlete has become recognized as one of the most financially rewarding professions. Sports sponsors often pay huge pay checks to an athlete to promote its product. A sports contract can have an impact on the lives of thousands of people. Though general contract principles apply in sports contracts, often such contracts are so important to the particular league or community, that each community has a vested financial and emotional interest in seeing their team perform well. Some of the sports contracts includes without limitation -

• Sports Franchise Agreement,

• Service Agreement,

• Product Placement Agreements,

• Client Representation Agreement,

• Sponsorship Agreement and 

• Endorsement Agreement.